First Bank (FRBA) to Release Quarterly Earnings on Thursday

First Bank (NASDAQ:FRBA – Get Free Report) will be announcing its earnings results before the market opens on Thursday, July 27th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

First Bank (NASDAQ:FRBA – Get Free Report) last posted its quarterly earnings data on Wednesday, April 26th. The bank reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). First Bank had a return on equity of 12.64% and a net margin of 28.50%. The business had revenue of $23.76 million for the quarter. On average, analysts expect First Bank to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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First Bank Trading Down 0.2 %

Shares of NASDAQ:FRBA opened at $12.06 on Thursday. First Bank has a 52-week low of $8.59 and a 52-week high of $16.76. The company has a market capitalization of $236.01 million, a P/E ratio of 6.74 and a beta of 0.72. The company has a 50-day simple moving average of $10.78 and a 200 day simple moving average of $11.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of First Bank by 13.9% during the fourth quarter. Barclays PLC now owns 28,740 shares of the bank’s stock worth $396,000 after purchasing an additional 3,506 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of First Bank by 7.0% during the fourth quarter. JPMorgan Chase & Co. now owns 24,744 shares of the bank’s stock worth $341,000 after purchasing an additional 1,608 shares during the period. Rhumbline Advisers increased its holdings in shares of First Bank by 3.7% during the second quarter. Rhumbline Advisers now owns 21,588 shares of the bank’s stock worth $302,000 after purchasing an additional 775 shares during the period. Private Advisor Group LLC bought a new position in shares of First Bank during the first quarter worth approximately $211,000. Finally, UBS Group AG increased its holdings in shares of First Bank by 41.9% during the fourth quarter. UBS Group AG now owns 14,326 shares of the bank’s stock worth $197,000 after purchasing an additional 4,228 shares during the period. 48.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of First Bank from a “hold” rating to a “sell” rating in a research note on Friday, July 7th.

First Bank Company Profile

(Get Free Report)

First Bank provides various banking products and services to small to mid-sized businesses and individuals. The company accepts various deposits, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts.

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